Trade tensions with the United States weigh on economic growth, prompting rate cut Today, the Bank of Canada announced that it has cut the overnight lending rate by 25 basis points to 2.5%. This marks the first rate cut since March. With softness taking hold in the labour market and trade tensions with the US
Whether you’re heading on a quick weekend getaway or planning a cross-country trip, leaving your home unattended can come with its risks. From break-ins and burst pipes to power outages and package thefts, unexpected issues can arise when no one’s around to keep an eye on things. The good news? With a few simple precautions,
Interest rates can shape the financial lives of Canadians in powerful ways. Whether it’s the monthly cost of a mortgage or the return on a savings account, most interest rates can be traced back to one key figure: the Bank of Canada’s overnight lending rate. In recent years, this benchmark has moved beyond financial circles
